Deregulation and Productivity Decline: the Case of Spanish Savings Bank

Emili Grifell-Tatjé, C.A.Knox Lovell

Research output: Chapter in BookChapterResearchpeer-review


Reprinted from European Economic Review 40(6), June 1996, pp. 1281 – 1303. During the 1980s many regulatory constraints limiting competition in Spanish banking were relaxed or removed, although deregulation came later to savings banks than to the rest of the banking sector. Two consequences of partial deregulation of savings banks have been a rapid growth in branching activity, much of it geographically dispersed, and a burst of merger activity. In this paper we investigate productive efficiency, and total factor productivity change, in Spanish savings banks over the 1986–1991 post-deregulation period. Neither branching nor mergers provide an adequate explanation for the magnitude or the nature of the productivity decline we observe over the period.
Original languageEnglish
Title of host publicationThe Regulation and Supervision of Banks: Regulation and Efficiency in Banking
Place of PublicationCheltenham
PublisherEdward Elgar Publishing Ltd.
Pages1281 – 1303
Number of pages22
ISBN (Print)9781840641165, 1840641169
Publication statusPublished - 2001

Publication series

NameInternational Library of Critical Writings in Economics
PublisherEdward Elgar Publishing

Cite this